Family Dynamics / Governance
BLOG | FAMILY DYNAMICS / GOVERNANCE
Inconvenience vs Problem – Learn the Difference
Life is full of inconveniences. Life can be full of problems, too. There is a difference. A striking difference...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Finding Happiness. Stop Looking Out There.
These last two years of the pandemic have not been easy on the human psyche. For many, our physical health...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
How to avoid a break in the family & business bond
In working with many families and their businesses, I’ve found that every family has its own unique DNA, behaviors, values, and traditions. Yet, there is ONE theme that made all the families seem very similar...and that is the tension, angst, and, at times, a complete unwillingness to eat a meal together due to a lack of clarity around making business decisions for the family business. How do I help families clear the air of business-related issues so they can share a meal together as a family without tension, drama and strife? Governance and routine.
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Not supposed to happen this way. Until it did.
It was a Sunday evening when I received the call. I heard my father’s voice, but the words were not registering. Utter disbelief and shock welled up inside me...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Fair does not ‘equal’ equal
This is one of the biggest problems in family business governance, where parents...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
The Cousin Federation
It’s a common phenomenon around the world. Family businesses rise like a phoenix from the ashes, powered by an entrepreneur’s vision and passion to do something better than what existed, transition to the second generation who work to preserve the wealth, only to see the family business return to the ashes from which they rose three generations earlier.
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BLOG | FAMILY DYNAMICS / GOVERNANCE
What’s love (power & money) got to do with family business? EVERYTHING.
When I began my career in family business consulting nearly 20 years ago, I met Dean Fowler, one of the early thought leaders in the field of family business and author of several books, most notably Love, Power and Money. As it turns out, these 3 words line up perfectly with the famed 3-circle model developed by Davis and Tagiuri of the Harvard Business School in 1978, depicting the family business system - the intersecting circles of family, business, and ownership...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Three Ways to Strengthen Family Connectedness
When the stakes are high, the strength of the family is often needed most. Therefore, family businesses need to have processes in place to build that strength before it is needed. Here are some suggestions for family leaders who want to strengthen family connectedness.
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